A) The barter system B) Large scale manufacturing C) Subsistence agriculture D) Hunting and gathering
A) Establishing a mercantile system of trade B) Having the same occupation as their parents C) Serving in government assemblies D) Working in an industrialized cities
A) Manufacturers of industrial goods control the resources B) Officials of the government control all aspects of economic activity C) Supply and demand are determined by consumers of foodstuffs D) Wholesalers of agricultural goods make most of the decisions
A) Free Enterprise, Command, Mixed B) Free Enterprise, Mixed, Command C) Mixed, Command, Free Enterprise D) Command, Mixed, Free Enterprise
A) The privatization of business and production of goods and services B) The restoration of a bartering system in developing countries C) The organization of workers’ unions in industrialized nations D) The government ownership, control and regulation of property
A) Prices are fixed by agreements among business leaders and labor unions B) The government sets the prices of products and the quantity of goods C) All industries except smaller businesses are controlled by the government D) Prices change according to changes in the supply and demand for products
A) Prices are set by consumers B) There is a high rate of unemployment C) A variety of economic incentives encourage business growth D) Resources are allocated by government decisions
A) They allow the laws of supply and demand to control the economy B) The success of the agricultural sector controls the manufacturer's goods C) Trade policies mandated that imports exceed exports D) They determine the type and quantity of goods to be produced through Five Year Plans
A) Socialist B) Traditional C) Free Enterprise D) Communist
A) Government officials B) Consumers C) Bankers D) Farmers |